FAQ

Chit fund is a unique financial scheme with a dual economic model. One is the savings, and the other is the borrowing that aids financially in need. You have the freedom to select your investment plan that suits your annual income and financial goals. Chit fund do not depend on market fluctuations, so your
high returns are guaranteed. You can receive the payment quickly as the process is simple and easy.

Salaried employees, professionals, business individuals and companies can subscribe to chits based on their annual income. The annual income should be a minimum of six lakhs for joining the five lakhs group in our company. For the 12 lakhs subscriber group, the yearly income should be a minimum of 12 lakhs.

Every new chit group commences monthly.

The subscribers who do have any outstanding payments still the current month are not eligible to participate in the auction. The bid winner subscriber can avail the amount on proper security. The subscriber should sign a chit bond book and have to provide cheques with values for the balance instalments to be collected. Also, the amount would be credited if the subscriber receives a no due from our accounts department.

Yes, you will get a refund. As per the chit agreement, the application fees is non-refundable. You get the subscription amount credited to your bank account after deducting the 5% commission, dividend and GST.

If a subscriber who has taken their chit has not paid the instalments, we are entitled to take legal action. Concerned subscribers will have to pay the dues with an interest of 24% per annum and the legal expenses.